Gazprom Neft’s deal to sell its stake in Serbia’s only refinery will be beneficial for Moscow, Russia’s Foreign Minister Sergey Lavrov said on Tuesday.  On Monday, Hungarian oil company MOL Group signed a binding heads of agreement with Russia’s Gazprom Neft to buy its 56.15% stake in Serbia’s only refinery Naftna Industrija Srbije (NIS), following months of talks and waivers from the U.S. for negotiations to proceed.  NIS operates Serbia’s only refinery in Pancevo, which supplies about 80% of Serbia’s…

AI and crypto are still being analyzed as technology stories. Chips, models, hash rates, capital raises. That framing is already outdated. At this stage of the cycle, growth is no longer decided by demand or funding. It is decided by power. Not theoretical power. Not future contracts. Existing, usable electricity that can support a continuous load. That is the asset hyperscalers are quietly competing for, and it is where expansion is actually happening. Companies that already have access to it within live facilities can move. Those that do not…